Select the correct option for the Direct Speech conversion of the following sentence: He observed that, had market liquidity vanished entirely, the exchange would have suspended trading.

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English Language · English

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He said, 'Had market liquidity vanished entirely, the exchange would have suspended trading.'

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Answer 1

He said, 'Liquidity vanished so trading stopped.'

Answer 2

He said, 'The exchange will suspend trading if liquidity vanished.'

Answer 3

He said, 'Had market liquidity vanished entirely, the exchange would have suspended trading.'

Answer 4

He said, 'If market liquidity vanishes, the exchange suspends trading.'

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